Guidewire Software Target of Unusually Large Options Trading (NYSE:GWRE)

Guidewire Software, Inc. (NYSE:GWRE) saw unusually large options trading on Wednesday. Stock traders acquired 1,297 call options on the company. This represents an increase of approximately 1,563% compared to the average daily volume of 78 call options.

Insider Transactions at Guidewire Software

In other news, President John P. Mullen sold 6,116 shares of the business’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $189.41, for a total value of $1,158,431.56. Following the completion of the transaction, the president now owns 166,330 shares of the company’s stock, valued at $31,504,565.30. The trade was a 3.55 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $194.90, for a total value of $272,860.00. Following the completion of the sale, the chief executive officer now owns 257,193 shares of the company’s stock, valued at $50,126,915.70. This trade represents a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 37,471 shares of company stock worth $7,272,821 over the last 90 days. 0.48% of the stock is owned by insiders.

Hedge Funds Weigh In On Guidewire Software

Several large investors have recently bought and sold shares of the stock. Versant Capital Management Inc purchased a new stake in shares of Guidewire Software during the fourth quarter valued at approximately $25,000. Ossiam purchased a new stake in shares of Guidewire Software during the 4th quarter valued at $29,000. MassMutual Private Wealth & Trust FSB raised its stake in shares of Guidewire Software by 70.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 170 shares of the technology company’s stock worth $32,000 after purchasing an additional 70 shares during the period. Cullen Frost Bankers Inc. purchased a new position in shares of Guidewire Software in the 4th quarter worth about $34,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Guidewire Software by 101.0% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company’s stock worth $34,000 after buying an additional 99 shares during the last quarter.

Guidewire Software Price Performance

Guidewire Software stock opened at $191.18 on Friday. The stock has a market capitalization of $16.04 billion, a price-to-earnings ratio of 531.06, a PEG ratio of 37.21 and a beta of 1.19. Guidewire Software has a 52-week low of $107.00 and a 52-week high of $219.59. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. The stock’s 50 day moving average price is $193.01 and its two-hundred day moving average price is $189.75.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.44). The firm had revenue of $289.48 million for the quarter, compared to analyst estimates of $285.74 million. Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. On average, equities analysts predict that Guidewire Software will post 0.52 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have commented on GWRE. JPMorgan Chase & Co. boosted their target price on Guidewire Software from $228.00 to $231.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a research report on Friday, March 7th. The Goldman Sachs Group raised their target price on shares of Guidewire Software from $210.00 to $240.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Finally, Robert W. Baird boosted their price target on shares of Guidewire Software from $230.00 to $236.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $206.08.

Guidewire Software Company Profile

Guidewire Software, Inc provides a platform for property and casualty (P&C) insurers worldwide. The company offers Guidewire InsuranceSuite Cloud, such as PolicyCenter Cloud, BillingCenter Cloud, and ClaimCenter Cloud applications. It also provides Guidewire InsuranceNow, a cloud-based platform that offers policy, billing, and claims management functionality to insurers; and Guidewire InsuranceSuite for Self-Managed.